JD Power-LMC say November US auto sales up 12 pct from year ago

DETROIT Wed Nov 21, 2012 11:12am EST

DETROIT Nov 21 (Reuters) - U.S. auto sales are rebounding after Superstorm Sandy cut sales in late October and early November, and this month should show a 12 percent increase from a year before, consultancies JD Power & Associates and LMC Automotive said on Wednesday.

November auto sales have been rising each week, and there are signs that December will be a strong sales month to end the best year for U.S. auto sales since before the 2008-2009 economic downturn.

On a seasonally adjusted annualized basis, November sales are seen at 15 million new vehicles, LMC and JD Power said.


After wave of QE, onus shifts to leaders to boost economy

DAVOS, Switzerland - Central banks have done their best to rescue the world economy by printing money and politicians must now act fast to enact structural reforms and pro-investment policies to boost growth, central bankers said on Saturday.